Cormark Lowers Earnings Estimates for Information Services

Information Services Co. (TSE:ISV) – Stock analysts at Cormark dropped their FY2024 earnings estimates for Information Services in a research note issued on Thursday, November 7th. Cormark analyst J. Pytlak now expects that the company will post earnings per share of $2.29 for the year, down from their prior forecast of $2.40. The consensus estimate for Information Services’ current full-year earnings is $2.22 per share.

Information Services (TSE:ISV) last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$60.93 million during the quarter, compared to analysts’ expectations of C$63.40 million. Information Services had a return on equity of 12.37% and a net margin of 8.75%.

A number of other research firms also recently commented on ISV. Royal Bank of Canada increased their price objective on shares of Information Services from C$27.00 to C$30.00 in a research note on Friday, August 9th. CIBC increased their price objective on shares of Information Services from C$34.00 to C$35.00 in a research report on Thursday.

Information Services Stock Up 1.5 %

ISV stock opened at C$28.43 on Friday. Information Services has a fifty-two week low of C$19.72 and a fifty-two week high of C$30.00. The company has a debt-to-equity ratio of 99.98, a current ratio of 0.74 and a quick ratio of 1.69. The business has a 50-day moving average of C$28.53 and a 200-day moving average of C$26.96. The stock has a market capitalization of C$515.44 million, a P/E ratio of 24.94, a P/E/G ratio of 1.19 and a beta of 0.59.

Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.24%. Information Services’s payout ratio is presently 80.70%.

Information Services Company Profile

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.